Independent Bank (INDB) Net Income (2009 - 2026)
Independent Bank (INDB) recorded Net Income of $81.84 million in Q2 2026, up 60.1% from $51.1 million a year earlier and up 2.4% from the prior quarter.
Powered by 
Analysis
Independent Bank (INDB) Net Income (2009 - 2026) Analysis & Trends
On a TTM basis, Independent Bank's Net Income came in at $271.35 million as of Jun 30, 2026, up 43.9% year-over-year; for FY2025, it was $205.12 million, up 6.8% from FY2024.
- Annual Net Income has a five-year compound annual growth rate of 11.1% (FY2020 to FY2025).
- Across earlier years, Net Income came in at $192.08 million in FY2024 (-19.8%), $239.5 million in FY2023 (-9.2%), $263.81 million in FY2022 (+118.0%) and $120.99 million in FY2021 (-0.1%).
- The Q2 2026 figure is the highest quarterly Net Income in data going back to Q2 2010.
- On a year-over-year basis, Net Income has increased for three consecutive quarters, with growth averaging 15.6% over the last eight quarters.
- Peak year-over-year performance for Net Income in the last five years was growth of 79.9% in Q1 2026, against a decline of 95.1% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $79.92 million (Q1 2026), $75.34 million (Q4 2025) and $34.26 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 15.31 Bn |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | 40.42 Bn |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 6.93 Bn |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | 7.57 Bn |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 4.97 Bn |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 4.32 Bn |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 5.29 Bn |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 5.95 Bn |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | 5.31 Bn |
| 10 | Independent Bank | 3.98 Bn | 3.90 Bn | - | 89.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 89.75 Mn |
| Jun 30, 2026 | 81.84 Mn |
| Mar 31, 2026 | 79.92 Mn |
| Dec 31, 2025 | 75.34 Mn |
| Sep 30, 2025 | 34.26 Mn |
| Jun 30, 2025 | 51.10 Mn |
| Mar 31, 2025 | 44.42 Mn |
| Dec 31, 2024 | 50.03 Mn |
| Sep 30, 2024 | 42.95 Mn |
| Jun 30, 2024 | 51.33 Mn |
| Mar 31, 2024 | 47.77 Mn |
| Dec 31, 2023 | 54.80 Mn |
| Sep 30, 2023 | 60.81 Mn |
| Jun 30, 2023 | 62.64 Mn |
| Mar 31, 2023 | 61.25 Mn |
| Dec 31, 2022 | 77.04 Mn |
| Sep 30, 2022 | 71.90 Mn |
| Jun 30, 2022 | 61.78 Mn |
| Mar 31, 2022 | 53.10 Mn |
| Dec 31, 2021 | 1.70 Mn |
API Access
Independent Bank Net Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-income&ticker=INDB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "ticker": "INDB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-income&ticker=INDB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();